AZZ Inc.

05/08/2026 | Press release | Distributed by Public on 05/08/2026 12:53

Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.
Seventh Amendment to Credit Agreement
On May 7, 2026, AZZ Inc. (the "Company") entered into the Seventh Amendment to its existing Credit Agreement referenced below with Wells Fargo Bank, N.A. ("Wells Fargo"), as Administrative Agent and Collateral Agent and the requisite lenders (the "Seventh Amendment"). The Seventh Amendment amends the Credit Agreement dated as of May 13, 2022 by and among Wells Fargo, as Administrative Agent and Collateral Agent, the lenders party thereto from time to time and the Company's subsidiaries party thereto (as thereafter amended, the "Credit Agreement").
The Seventh Amendment (i) terminated the Initial Revolving Credit Commitments and simultaneously replaced them in their entirety with Extended Revolving Credit Commitments having a Maturity Date of May 7, 2029, (ii) decreased the interest rate margin applicable to the Revolving Credit Loans from margins ranging from 175 basis points to 275 basis points (subject to leverage ratio step-downs) to margins ranging from 125 basis points to 225 basis points (subject to leverage ratio step-downs); (iii) reduced the Commitment Fee applicable to the Revolving Credit Commitments from fees ranging from 20 basis points to 30 basis points (subject to leverage ratio step-downs) to fees ranging from 15 basis points to 25 basis points (subject to leverage ratio step-downs); and (iv) reduced the Letter of Credit Fees from fees ranging from 175 basis points to 275 basis points (subject to leverage ratio step-downs) to fees ranging from 125 basis points to 225 basis points (subject to leverage ratio step-downs).
This summary of the Seventh Amendment does not purport to be complete and is subject to, and is qualified in its entirety by, reference to all the terms of the Seventh Amendment, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 with respect to the Seventh Amendment is incorporated by reference in this Item 2.03.
AZZ Inc. published this content on May 08, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 08, 2026 at 18:53 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]